SharkNinja, Inc. $SN Shares Acquired by WCM Investment Management LLC

WCM Investment Management LLC lifted its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 159.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 575,867 shares of the company’s stock after buying an additional 354,101 shares during the period. WCM Investment Management LLC’s holdings in SharkNinja were worth $55,571,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SN. GAMMA Investing LLC lifted its holdings in shares of SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock valued at $30,000 after acquiring an additional 155 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of SharkNinja by 270.4% during the 1st quarter. SG Americas Securities LLC now owns 6,489 shares of the company’s stock valued at $541,000 after acquiring an additional 4,737 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of SharkNinja by 10.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,053 shares of the company’s stock valued at $1,005,000 after acquiring an additional 1,100 shares in the last quarter. Analyst IMS Investment Management Services Ltd. acquired a new position in shares of SharkNinja during the 1st quarter valued at $651,000. Finally, Silver Oak Securities Incorporated lifted its holdings in shares of SharkNinja by 13.8% during the 1st quarter. Silver Oak Securities Incorporated now owns 5,823 shares of the company’s stock valued at $489,000 after acquiring an additional 708 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Zacks Research downgraded shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. dropped their price target on shares of SharkNinja from $136.00 to $131.00 and set an “overweight” rating on the stock in a research note on Friday, October 10th. Weiss Ratings downgraded shares of SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $127.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Finally, Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a research note on Monday, June 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.00.

SharkNinja Price Performance

SN opened at $94.79 on Thursday. The company has a 50-day moving average of $110.41 and a 200-day moving average of $99.42. The company has a market capitalization of $13.38 billion, a P/E ratio of 25.90, a PEG ratio of 1.74 and a beta of 1.56. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $128.51. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.94.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.19. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The company’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Equities analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

About SharkNinja

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.